WAVE PROPERTIES LIMITED

🌳Matureactive
SC392042 · ltd · incorporated 2011-01-24
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£-20.0k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £19,985
Cash YoY
+106%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£21k
↑ 106% YoY
Net Worth
-£20k
↑ 33% YoY
Current Assets
£21k
↑ 91% YoY
Current Liabilities
—
-£30k-£20k-£10k£522£11k£21kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-302024-01-30
Total assets£-20.0k£-29.8k
Current assets£20.7k£10.9k
Cash£20.7k£10.0k
Debtors—£825
Net assets£-20.0k£-29.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-02-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-10-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2017-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-10-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2011-01-24
    🏢
    Company incorporated
    As WAVE PROPERTIES LIMITED
  16. 2011-01-24
    ➕
    BROWN, Derek Thomas appointed
    director
  17. 2011-01-24
    ➕
    BROWN, Lisa appointed
    director

Owner dependency

89/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Derek Thomas Brown
Individual · British · DOB 12/1968 · age 58
50–75%
—50-75% shares06/04/2016
Mrs Lisa Brown
Individual · British · DOB 08/1972 · age 54
50–75%
—50-75% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2011-01-24
Jurisdictionscotland
Primary SIC55900 — Other accommodation

Registered office

38 Lamberton Place
St. Andrews
KY16 8YE
Scotland

Filing status

Accounts
Next due: 2026-10-30
Last made up to: 2025-01-30
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01

Officers (2 active · 0 resigned)

BROWN, Derek Thomas→
director · ~58y · appointed 2011-01-24
View their other companies + combined net worth →
Active
BROWN, Lisa→
director · ~54y · appointed 2011-01-24
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (35 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-25